<ARTICLE> 5 <LEGEND> This schedule contains summary information extracted from the unaudited financial statements contained in the Company's quarterly report on Form 10-Q for the quarter ended March 31, 1998, and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 2,787,275 <SECURITIES> 11,857,124 <RECEIVABLES> 1,411,089 <ALLOWANCES> 0 <INVENTORY> 196,910 <CURRENT-ASSETS> 17,397,680 <PP&E> 4,640,177 <DEPRECIATION> (1,995,591) <TOTAL-ASSETS> 21,102,347 <CURRENT-LIABILITIES> 3,797,173 <BONDS> 0 <PREFERRED-MANDATORY> 11,784,431 <PREFERRED> 0 <COMMON> 3,374,874 <OTHER-SE> 1,895,443 <TOTAL-LIABILITY-AND-EQUITY> 5,270,317 <SALES> 8,144,259 <TOTAL-REVENUES> 8,144,259 <CGS> 0 <TOTAL-COSTS> 5,790,514 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 2,353,745 <INCOME-TAX> 947,829 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,405,916 <EPS-PRIMARY> .05 <EPS-DILUTED> .05